2019
https://youtu.be/VEju2Md3u-c
Market Opportunity Financial services for half the planet Users 1.1 Billion 2.6 Billion 375M 5 Billion Without identity Without bank accounts Unbanked due to no KYC Without smartphone Market size $5-10 Trillion $500 Billion $Trillions $Billions Financial services Remittances Cash transfer ID verification
Fintech Platform for Emerging Markets All value transfer: Payments, Cash transfer, Micro-finance, Remittance, Insurance Government Land Business Insurance Hospital Users Bank NGO EverChain: Ledger Process billions of cryptographically signed transactions Value Transfer EverWallet: Virtual account/wallet on-device & cloud Store & send “money” and documents EverID: Govt. + biometric + 3rd party identity with KYC/AML for users and businesses w/ doc storage “Digital Identity on the blockchain is a gateway to all use cases…” – Asian Development Bank Users
Unique Value Everest is the world’s only platform to integrate: Transactions Identity Biometrics Stable token Device-free wallet Network + User-owned Gov’ts, Banks, Stable Biometrics Validated or 3rd party Does NOT Selective Crypto Document Smart Contract platform: orgs + Protocol: data NGOs, Orgs Currency form core of Gov’t ID Attention require user Sharing Wallet storage & users, any value scalable & Send money identity integrated (non-gov’t. to have mgmt. exchange neutral accounts) a phone Stellar OmiseGo Ripple Hyperledger/Sovrin Civic, Selfkey, Uport In progress 5
Traction and Partners ◦ Patent-pending two-chain solution integrates both Identity (biometrics,KYC/AML) and Transactions (payments, money, vouchers) ◦ On-boarding users with the largest bank in Indonesia, BRI, and Government of Indonesia in Feb. ◦ Won ADB contract to supply KYC/AML + eWallets for Samoa; MTOs to ride on Everest platform to transfer $200M per year. Integration with central bank’s national ID database. ◦ Recognized as a leading fintech to “bank the unbanked” and identity provider by New America, UN orgs, ID2020. ◦ Regulatory approval to accept deposits, send “money” and trade on own behalf (i.e. remittances)
Cash Transfer User’s Phone Admin EverID + EverWallet Node Admin Console 1 2 3 Beneficiary Agent registers Org leader sends digital voucher identity w/ digital in a smart-contract. wallet & doc storage 4 Digital voucher sent to Beneficiary EverChain 5 Beneficiary biometrically verifies ID. Money delivered. 100% verification money delivered to correct person
Cash transfer: Case Study Delivering subsidies for large orgs: Redemption Flow $7 billion to 50M users at scale - Press link BRI bank and the Government of Indonesia using Everest platform to distribute energy subsidies to individuals, improving efficiency, ensuring delivery and making targeting more precise
Cross-border Save or convert to mobile data EverChain Bank 2 Sender transfers EverID + CRDTs to Recipient EverWallet Merchant Recipient Sender 1 3 Sender registers ID Recipient receives CRDTs. w/ KYC, AML, etc. Registers ID w/ KYC, AML, etc. Buys CRDTs a) save 4 CRDTs are converted b) exchanges for fiat to local fiat. Everest c) exchange for mobile data works with partner to d) spend w/ local merchant buy/redeem CRDTs. Sell CRDTs. Leverage for currency exchange. Exchanges CRDTs w/ partners/agents/banks. Send money to anyone, legally compliant
Micro-finance Automated & mobile contract administration Verified & traceable identity Conditional loans to only be used for intended purposes by the registered recipient 4 4 Allocate Token w/ “conditional spending” (i.e. only fertilizer or equipment) 1 2 3 2 1 3 Allianz EverID ID Registration & Request for Service or Bank ID + Transaction Verification, plus services or credit Credit Processing contract admin Approval 5 6 6 5 Enterprise SMEs Token redeemed Transfer “conditional through Allianz Bank Tokens” for fertilizer or tokens Conditional loans + Traceability = Higher Collections
Payments, Payroll EverChain 2 Small Business (SME) Debits SME Bank accounts, and 1 Biz tells bank to credits w/ pay employee, vouchers to supplier, etc. employees, suppliers, etc. EverChain EverChain Recipient 5 Voucher Any human being 3 redeemed for can receive Agent cash by Agent payment, with or 4 Agent scans Recipient. with Bank. without a device Exchanges voucher for cash Secure, EverID + Transparent. EverWallet Increase users/market AND offer new services
Problems-Solutions Basic financial services are currently unavailable to over half of the world’s population. The Everest platform empowers institutions to securely, transparently and verifiably transfer value to all people with or without a device. Users are able to protect their privacy and elevate themselves into the digital economy. Current Problem Key Questions Everest Solution How much is stolen or lost in friction? Cash transfer: ID chain + Transaction chain. Fraud & leakage Mis-reported? 25-50% ? 100% verification of funds sent to right person Who is really sending/receiving the money? Verification Biometrics + Gov’t IDs + 3rd party + Documents Are they who claim (gender, age, etc.)? How to reach 5 billion non-smartphone Reach Webcam, fingerprint reader, app; cloud wallet users? How is money spent? When does org get Data & money Tokenized, conditional, tracked «money» data? Privacy Who owns the data? User-owned (more than “self-sovereign”) Cost-effective enough to bank, insure, Frictionless, no device reqs., docs + wallet Cost etc? features. Fraction of a penny. 12
Revenue Sources ID Verification (all services require): Banks, govts, hospitals, NGOs, etc. pay for ID verification Cash Transfer: Institutions pay for money delivery & account mgmt. i.e.: save 25-50% of trillions of dollars of “leakage”, and earns % of savings. Org pays for sending $$ to users. Remittances & Payments: Orgs and users pay for money sending & tracking i.e.: Most cost-effective remittance solution (integrated KYC + Sending) i.e.: payroll, P2P money sending Micro-finance and eBanking: Micro-finance operators, mid-tier banks & users pay for Everest platform (loans & financial services) i.e.: extend reach to billions of users, reduces fraud, increase collections & establishes credit scoring. Can accept deposits to perform services. 13
Team Everest is led by an experienced team with multiple successful IPOs / acquisitions, with startup and blockchain projects behind them Bob Reid Brad Witteman CEO CPO GM, BitTorrent, Partner Kai Labs Senior Product positions BitTorrent (blockchain consultancy), & Emergent (DAOstack) Chief CEO & Co-founder VelocityBits, Product, Moby (blockchain Strategy & Biz Dev DivX, DAPP for health), Sr. Dir Product, CEO Skyclix, leads teams, DivX, CTO Skyclix 2 IPOs, 2 acquisitions Gautam Ramnath Mike Kail Partnerships CTO CIO and SVP of Infrastructure of Consultant to Gates Foundation, Yahoo!, VP of IT OPs of Netflix. 25+ Biz Dev at Global Alliance for years of technology Improved Nutrition, VP Ops at executive leadership with specialties Millennium Challenge, Project in security & network infrastructure, Director at US State Dep’t, Tunisia cloud architecture. 14
Advisors We’re also supported by a network of global financial institutions and identity verification experts Atsushi Taira Pres. Toomas Hendrik Managing Director Former President Estonia at Mistletoe Led sovereign govt. deployment Representative Director, of social services on a blockchain, Chief Growth Officer, Mistletoe, SVP with data exchange between of Softbank, CEO of Softbank Bharti, multiple agencies Fox, etc. Aya Miyaguchi Amb. Jamal Khokhar Executive Director Pres. & CEO Institute Ethereum Foundation of the Americas Chief of Staff at the Inter-American Leads Ethereum’s day to day Development Bank (IDB), operations. Managing Director, Department of Outreach Kraken, Founder Japan Blockchain and Partnerships Association. 15
Advisors Wilson Choi Dr. Virgil Griffith Founder FundV & Beam Ethereum Foundation Capital Co-author of Casper Investor in 4 exchanges, including CTO, Backbone Technologies, Quoine, EXX, SuperCoin & others. ex- OnionLink Santa Fe Institute HSBC derivatives dealer Lead Dev, Toroken cryptocurrency CalTech Jordan Greenhall Chris Willson Founder Founder Water and & CEO Neurohacker Healthcare Foundation Founder & CEO of DivX, SVP Specialties: Cambodia, strategic of MP3.com, Santa Fe Institute, alliances, philanthropy, water and Harvard Law health related social enterprise Greg Horowitt Venture Capitalist T2 Venture Global Connect at UCSD, Stanford 16 Berkshire Hathaway, Innovation Ecosystem Architect, Author of “The Rainforest”
Thank You bob@everest.org � 17
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